Greenback slides

The Dollar Collapse is Now Getting Serious

Gains Pains & Capital

January 22, 2021From the desk of Graham SummersPick Up Graham’s Best-Selling Book Which Predicted The Crisis in 2017.Find Out What’s Coming For the Fed and the Markets Here     The Dollar Collapse is Now Getting Serious

The Biden administration has yet to finish its first week in office, but it already has a MAJOR problem on its hands.That problem is the U.S. dollar.

The greenback has declined over 13% since its March 2020. That’s a significant decline to begin with. However, what’s particularly concerning is the fact that the U.S. dollar continues to plunge without ever staging a significant rally.  Put another way, this freefall is occurring with little if any breaks.

GPC11921.pngWe are currently seeing a dead cat bounce off of CRITICAL support (red line in the chart below). However, once we take out that line, (and we will soon) we’re in VERY serious trouble.GPC119212.png Below this level, there are only TWO lines of support left for the U.S. dollar: support established during the 2012-2014 debt crisis in Europe, and support established by the 2008 crisis.Put another way, the ONLY time in history that the U.S. doll fell to these levels was when a major Black Swan event was taking place in the global financial system.GPC119213.pngAnything below these levels and we are talking about ALL TIME LOWS here for the greenback. Think a U.S. dollar crash.Bear in mind, this is the situation BEFORE the Biden administration implements its intended $2 trillion stimulus program along with its $2 trillion infrastructure program. Throw in the various climate charge, reparations and other social spending programs that Biden and his allies have been talking about and you’ve got the makings of an inflationary typhoon.   

Graham Summers    
Chief Market Strategist    
Phoenix Capital Research    

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Published by technofiend1

Kazan- Kazan National Research Technical University Казанский национальный исследовательский технический университет имени А. Н. Туполева he graduated in Economics in 1982

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